Ineffective vaccines a key tail risk for global recovery
Today's focus is on preliminary PMIs for the euro area (including Germany and France), the UK and the US. Most PMIs are likely to show that we are sti
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Today's focus is on preliminary PMIs for the euro area (including Germany and France), the UK and the US. Most PMIs are likely to show that we are sti
Chief economist Todd Mattina previews how the Democratic sweep could affect inflation and earnings
DUBAI: Unusual or harrowing would probably be good terms to describe 2020. As the coronavirus pandemic took hold of the world, it was a harbinger of economic troubles on one hand. On the other hand, there were companies and stock markets benefiting from new ways of doing business, such as working from home and ordering goods and services on the internet. The K-shaped recovery, where some benefited and others lost due to the pandemic, probably best describes what happened. We saw bifurcation, with East of Suez recovering more quickly from the pandemic and even growing, while stock markets in N...
Davenport Small Cap Focus (DSCPX) Clobbers the Broader Market Kiplinger 12/24/2020 © Getty Images While the novel coronavirus continues to inflict pain in the U.S., investors are looking for companies with greater earnings visibility. That's great news for portfolio managers overseeing small-cap stocks, which have suffered significant underperformance in recent years. "We are just exiting a seven-year underperformance cycle partially driven by the popularity of mega stocks, particularly the FAANGs (Facebook, Apple, Amazon, Netflix, Google)," U.K.-based Miton U.S. Opportunities Fund portfo...